Fashion companies targeted in EU antitrust raids, Reuters reports

European Union antitrust regulators on Tuesday raided some companies in the fashion sector in several EU countries, concerned they may have violated the bloc’s rules against cartels and restrictive business practices, Reuters’ Foo Yun Chee reports. The European Commission did not name the companies nor the countries in line with its policy but did say it sent requests for information to companies active in the same sector, according to the publication. Publicly traded companies in the space include Capri (CPRI), Tapestry (TPR), LMVH (LVMHY), and Salvatore Ferragamo (SFRGY). Reference Link